Beginners Guide

Polygon Network: Layer-2 Scaling For Ethereum

Written by: Qadir AK

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Apr 19, 2022

Today we have several cryptocurrencies available in the crypto world like Bitcoin, Ethereum, Cardano, and Polkadot, to cite just a few popular ones.

The crypto marketplace has recently given us a new cryptocurrency known as Polygon. Despite being only a few years old, the currency is among the top twenty virtual currencies in market capitalization.
Polygon is still one of the most popular platforms accessible for scaling solutions today.

Not only that, but many currency experts say that, when compared to other prominent virtual currencies, Polygon is still an excellent investment, as the currency's price is likely to rise in the long run. Let's dig more into it and know what it is all about!

What is Polygon Network?

Polygon is a secondary Ethereum scaling solution. It is a layer-2 solution is a blockchain that runs in parallel to a mainnet but processes transactions outside of it, leading to higher transaction throughput and cheaper gas prices. 

Rather than creating their blockchain, these solutions build on top of an existing one. In this case, Polygon is built on Ethereum, which has gotten increasingly slow and expensive to use as it ...

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